Bitcoin Cash Futures Traders Lose Most in 2 Years as Prices Spike to $320
South Korean trading volumes for the bitcoin offshoot token boomed last week, spurring a price spike last week.
Traders betting against bitcoin cash (BCH) lost the highest amount in over two years amid a price spike to the $320 level last week, Coinalyze data shows.
Shorts and longs cumulatively lost over $25 million on BCH-tracked futures, which may have contributed to the sudden spike. Shorts refer to bets against any asset, while longs are bets on price rises.
As of Monday, funding rates have across all exchanges that list BCH futures. Negative funding rates indicate that short traders are dominant and are willing to pay long traders to remain in their positions.
BCH traders are paying funding rates as much as -0.05% every 8 hours in fees to exchanges, implying short interest in the tokens is rising.
Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open).
Large liquidations can signal the local top or bottom of a steep price move, which may allow traders to position themselves accordingly.
Last week’s moves likely came amid on South Korean exchanges – whose traders are known for irrational exuberance – and the launch of EDX Markets, a new exchange backed by traditional finance heavy-weights Fidelity Digital Assets, Charles Schwab and Citadel Securities which supports BCH along with bitcoin (BTC), ether (ETH) and litecoin (LTC).
Edited by Parikshit Mishra.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Convergence of Social Justice and Renewable Energy Implementation in Developing Economies
- IEA data shows emerging markets need $45B/year by 2030 to achieve universal clean energy access, with Africa and Asia facing the greatest demand. - Renewable projects in low-income regions demonstrate nonlinear ESG impacts, with solar microgrids directly reducing energy poverty for 600M+ Africans. - PIDG's $27M guarantees mobilized $270M in African renewables, proving blended finance models can de-risk investments while creating 200-300MW capacity. - Kenya's M-KOPA and Indonesia's JETP showcase scalable
Stanford’s top journalist challenges Silicon Valley’s startup scene, calling out its obsession with wealth
PENGU Token Experiences Rapid Growth: Could This Signal the Onset of a Bullish Trend in Cryptocurrency?
- PENGU token's 25% surge since Nov 2025 sparks debate over altcoin revival vs speculative frenzy. - Technical indicators show mixed signals with bullish patterns but bearish RSI divergence and compressed Bollinger Bands. - Whale accumulation and $4.3M institutional inflows contrast with broader altcoin weakness (ETH -27%, SOL -31%). - Upcoming 41% supply unlock on Dec 17 poses $288M selling pressure risk amid fragile market conditions. - Token's future depends on sustaining institutional support, navigati
Clean Energy Market Fluidity: How REsurety's CleanTrade Platform is Transforming the Industry
- REsurety's CleanTrade platform, CFTC-approved as a SEF, standardizes trading of VPPAs, PPAs, and RECs to boost clean energy liquidity. - By aligning with ICE-like regulations and offering real-time pricing, it reduces counterparty risks and bridges traditional/renewable energy markets. - The platform achieved $16B in notional volume within two months, signaling maturing markets where clean assets gain institutional traction. - CleanTrade's analytics combat greenwashing while streamlining transactions, en
Trending news
MoreCrypto prices
More
